Bamboo Capital (BCG) announced a delay in submitting its Q1 2025 financial report due to turmoil involving large shareholders and personnel after Mr. Nguyen Ho Nam was prosecuted. The company expects to publish this report in October 2025 and has also postponed its audited 2024 financial report, anticipated to be released in early September 2025. As of April 21, 2025, only 4 out of 45 subsidiaries have completed their financial reports.
Consequently, as of May 13, 2025, BCG shares were moved to a controlled status by the stock exchange. In Q4 2024, Bamboo Capital reported revenues of 1,134 billion VND, and a post-tax profit of 96.5 billion VND, though it declined compared to Q3 2024.
The Bamboo Capital ecosystem faced a crisis after Mr. Nam resigned and was dismissed from Eximbank. Mr. Viet Thuy was appointed as the new CEO. Following significant personnel changes, Bamboo’s stock has drastically decreased, with BCG currently priced at 2,910 VND per share.
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